Payment Medium Sample Clauses

Payment Medium. The payments made by the Company with respect to the Participant's Deferral Account pursuant to Sections 5.1 and 5.2 above shall be made in cash (reduced by applicable tax withholdings). Annual payments made in accordance with Sections 5.2(b) and 5.2(c) shall be in an amount equal to a percentage of the Participant's Deferral Account balance as of the Valuation Date on or immediately preceding the Payment Date, determined by dividing that balance by the remaining years of the payment term.
Sample 1
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Payment Medium. 5.1 The medium of payment permitted with respect to a non-annuity distribution under the Plan is [Plan Sec. 13.3(c)] [check one]:
Sample 1
Payment Medium. Except as otherwise provided by Section 5(c), payment of an Award may be made in cash, in the sole discretion of the Committee, shares of the Investment Units to which the Participant’s Account is allocated or other property.
Sample 1
Payment Medium. The payments made by the Company with respect to the Participant's Deferral Account pursuant to Sections 5.1 (Timing) and 5.2 (Form for Payment) above shall be made in cash (reduced by applicable tax withholdings) and annual payments made in accordance with Section 5.2(b) shall be in an amount equal to a percentage of his or her relevant subaccount balance on the relevant Payment Date, determined by dividing the subaccount balance at the applicable Payment Date by the total remaining years of the payout term. Example: Assume Participant elected a five-year payout. An amount equal to the subaccount balance would be paid out as indicated below. Percentage of Sub- Payment Date Account Balance Paid First Payment Date 20% Second Payment Date 25% Third Payment Date 33 1/3% Fourth Payment Date 50% Fifth Payment Date 100% 5.4 Accelerated Benefit Payment. Notwithstanding anything to the contrary herein, the Company shall pay the amount(s) payable under this Plan to a Participant before such amount(s) would otherwise be paid (and in discharge of all obligations with respect thereto) if, based on any of the following events, the Administrative Committee determines, in good faith based on consultation with counsel, that such Participant has or will recognize income for federal income tax purposes with respect to such amount(s) before such amount(s) are otherwise to be paid:
Sample 1

Related to Payment Medium

  • Payment Method Payment shall be made by the Contractor to the Subcontractor as follows: (choose one) ☐ - Immediately upon completion of the Services to the satisfaction of the Contractor. ☐ - Within business days after completion of the Services to the satisfaction of the Contractor. ☐ - Shall be paid on a ☐ weekly ☐ monthly ☐ quarterly ☐ other

  • PREMIUM PAYMENT METHOD The Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the policy in force.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

  • Repayment Method Party A shall deposit sufficient amount into the Account to collect sale processor other account at Party B before the repayment date provided hereunder and transfer such amount to repay the Loan (Party B may also debit such amount from such account to repay the Loan), or transfer such amount from another bank account of Party A to repay the Loan.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Payment Frequency As of the Cutoff Date and as shown on the books of CNHCA: (A) Receivables having an aggregate Statistical Contract Value equal to 76.88% of the Aggregate Statistical Contract Value had annual scheduled payments, (B) Receivables having an aggregate Statistical Contract Value equal to 2.70% of the Aggregate Statistical Contract Value had semi-annual scheduled payments, (C) Receivables having an aggregate Statistical Contract Value equal to 0.79% of the Aggregate Statistical Contract Value had quarterly scheduled payments, (D) Receivables having an aggregate Statistical Contract Value equal to 17.19% of the Aggregate Statistical Contract Value had monthly scheduled payments, and (E) Receivables having an aggregate Statistical Contract Value equal to 2.45% of the Aggregate Statistical Contract Value had irregularly scheduled payments.

  • Settlement Method For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

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